Key Points:
The company is now offering support for several cloud service providers, including Amazon Web Services (AWS), Google Cloud Platform, Alibaba Cloud, Thales, and Securosus. This strategic move is part of Fireblocks’ efforts to make its services accessible to a wider range of businesses and serve a market of banks whose IT infrastructure is deployed on premise and cloud-based solutions.
Fireblocks has positioned itself as a key player in the cloud industry, covering the majority of the market share. This expansion of services is particularly significant given the growing trend among businesses to adopt cloud-based solutions. By providing infrastructure support to businesses operating on the cloud, Fireblocks is able to offer a valuable service that meets the needs of its clients.
Fireblocks has already established itself as a leading provider of infrastructure support within the digital asset space. The company has brought over 50 major financial institutions into the digital asset space, including BNY Mellon, BNP Paribas, and ANZ Bank, an Australian bank. Its clients also include Robinhood and Revolut, two fintech companies. By expanding its services to support cloud service providers, Fireblocks is now able to serve a larger market share within the cloud industry.
This expansion of services is a demonstration of FBs’ commitment to providing safe and secure services to its clients. In December, FBs received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification that was built as a security standard for crypto wallets and custody. This certification attests to FBs’ ability to provide secure services to its clients.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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